Variable Interest Entities, or VIEs

6 Months Ended

Jun. 30, 2017

Variable Interest Entities Disclosure [Abstract]

Entities that are not Consolidated

NRG has interests in entities that are considered VIEs under ASC 810, Consolidation, but NRG is not considered the primary beneficiary. NRG accounts for its interests in these entities under the equity method of accounting.

GenConn Energy LLC — Through its consolidated subsidiary, NRG Yield Operating LLC, the Company owns a 50% interest in GCE Holding LLC, the owner of GenConn, which owns and operates two 190 MW peaking generation facilities in Connecticut at NRG's Devon and Middletown sites. NRG's maximum exposure to loss is limited to its equity investment, which was $104 million as of June 30, 2017.

Entities that are Consolidated

The Company has a controlling financial interest in certain entities which have been identified as VIEs under ASC 810. These arrangements are primarily related to tax equity arrangements entered into with third-parties in order to finance the cost of solar energy systems under operating leases and wind facilities eligible for certain tax credits as further described in Note 2, Summary of Significant Accounting Policies to the Company's 2016 Form 10-K. For one of the tax equity arrangements, the Company has a deficit restoration obligation equal to $95 million as of June 30, 2017, which would be required to be funded if the arrangement were to be dissolved.

The summarized financial information for the Company's consolidated VIEs consisted of the following:



(In millions)	June 30, 2017		December 31, 2016
Current assets	$	84	$	87
Net property, plant and equipment	1,493		1,534
Other long-term assets	1,024		954
Total assets	2,601		2,575
Current liabilities	63		59
Long-term debt	424		442
Other long-term liabilities	187		183
Total liabilities	674		684
Noncontrolling interests	600		529
Net assets less noncontrolling interests	$	1,327	$	1,362